SEOUL, March 31 (Yonhap) -- The government will operate a crude oil swap system with private companies starting Tuesday in a bid to help oil refineries secure alternative oil supplies and minimize ...

Even with maximum emergency measures, the world could face a supply deficit exceeding 10 million barrels per day. Strategic reserves and alternative pipelines provide only temporary and partial relief ...

If the word "confit" sounds like something fancy on a restaurant menu, that's not surprising. The French-inspired cooking technique isn't common in many American home kitchens, and it's often ...

Cuba experienced one of its worst blackouts, affecting over 10 million people in March 2026 NASA satellite images show a sharp decline in artificial lighting across major Cuban cities Cuba relies on ...

The base cost of petrol is set by global crude oil prices and the rupee-dollar exchange rate, as India imports over 80% of the crude it consumes. The primary factor driving sharp variations in retail ...

(Bloomberg) — Oil refiners in Asia have asked Saudi Arabia to change the way it prices the crude they buy after the Middle East war disrupted the traditional system, according to traders. The biggest ...

The war in Iran has cost the global oil supply roughly 15 million barrels a day so far, and experts worry its effects will last a while. Plus: LNG and data centers, Walmart’s electronic price labels, ...

ISLAMABAD: The government has finalised a mobile application-based quota system for fuel for two- and three-wheelers, which may possibly include up to 800cc vehicles, to ensure a targeted subsidy to ...

Pipeline, closed since 2015 after huge oil spill, reopens after president cites need to boost US supply amid war on Iran Oil has begun to flow from a controversial California pipeline system for the ...

Zachary Karabell is an author and investor and writes “The Edgy Optimist” on Substack. Weeks into the U.S.-Israeli war against Iran, the world is facing the greatest energy supply shock in history.

1559 ET – WTI oil futures edge up 0.1% to $96.32 a barrel, while Brent crude gains 3.8% to $107.38 a barrel, after strikes hit Iranian energy infrastructure. Iran’s state media, in turn, publishes a ...